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But the fee rate for this weekend's gold contract is really problematic...
Gold markets are closed on weekends, and the spot price used as a reference for the contract remains unchanged. Relying solely on the fee rate can't better anchor the price...
It also seems there’s no way to hedge against the fee rate?
And today is only Saturday; the spot reference price won't be available until early Monday... which means this high fee rate will persist until early Monday...
I don't have much experience, but based on intuition, with all these factors in place, is it likely that there will be some targeted liquidation activities against on-chain gold contracts this weekend?
Anyway, I won't participate...